PAM on NYSE

Pampa Energía

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

Argentine energy company

Pampa Energía S.A. is the largest independent energy company in Argentina, with participation in the electricity and oil and gas value chain. It was founded in 2005 and is headquartered in Buenos Aires. Pampa is listed on the Buenos Aires Stock Exchange and is one of the Argentine companies with a greater weight on the Merval index (7.1809% as from January 1, 2019).3 It was founded by Marcelo Mindlin.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

2005Founded1

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  • TickerPAM on NYSE1
  • Industryenergy supply1
  • HeadquartersBuenos Aires1
  • Websitewww.pampaenergia.com
  • Legal formsociedad anónima1
  • Incorporated inArgentina6
  • Business addressMaipu 1, City Of Buenos Aires, C1 C1084Aba6
  • Filer categoryLarge accelerated filer6
  • LEI254900QNIK0CVURGML244
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressMAIPU 1, C1084ABA Buenos Aires, Argentina4
  • Registered withMinisterio de Justicia y Derechos Humanos (Dirección del Registro Nacional de Sociedades), 305265526594

Pampa Energía S.A. is the largest independent energy company in Argentina, with participation in the electricity and oil and gas value chain. It was founded in 2005 and is headquartered in Buenos Aires.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

31.8%Gross margin8
23.5%Operating margin8
33.0%Net margin8
8.3%Revenue growth, 20248
18.8%Return on equity8
0.42×Debt to equity8
-$12.0MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue62¢$1.3B
  • Interest9¢$180.0M
  • Profit30¢$619.0M

Out of $1.9B in revenue.8

Where each dollar of operating cash went, fiscal 2024

  • Capital spending100¢$447.0M

Out of $435.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$1.9B in 2024+31% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.4B$1.4B20182019: $1.3B$1.3B2019−7%2020: $1.1B$1.1B2020−20%2021: $1.5B$1.5B2021+41%2022: $1.8B$1.8B2022+21%2023: $1.7B$1.7B2023−5%2024: $1.9B$1.9B2024+8%
Gross profit91011128$597.0M in 2024−1% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $605.0M$605.0M20182019: $529.0M$529.0M2019−13%2020: $410.0M$410.0M2020−22%2021: $557.0M$557.0M2021+36%2022: $690.0M$690.0M2022+24%2023: $625.0M$625.0M2023−9%2024: $597.0M$597.0M2024−4%
Operating income91011128$440.0M in 2024−29% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $618.0M$618.0M20182019: $462.0M$462.0M2019−25%2020: $243.0M$243.0M2020−47%2021: $579.0M$579.0M2021+138%2022: $631.0M$631.0M2022+9%2023: $424.0M$424.0M2023−33%2024: $440.0M$440.0M2024+4%
Net income91011128$619.0M in 2024+116% since 2018
-$500.0M0$500.0M$1.0B2018: $287.0M$287.0M20182019: $800.0M$800.0M2019+179%2020: -$468.0M-$468.0M20202021: $238.0M$238.0M20212022: $457.0M$457.0M2022+92%2023: $305.0M$305.0M2023−33%2024: $619.0M$619.0M2024+103%

Every line of the income statement as filed: the last 3 fiscal years, latest first.13

Period ending2025-12-312024-12-312023-12-31
Revenue$2.0B$1.9B$1.7B
Cost of sales-$1.4B-$1.3B-$1.1B
Gross profit$629.0M$597.0M$625.0M
Selling expenses-$98.0M-$74.0M-$66.0M
Administrative expenses-$192.0M-$239.0M-$185.0M
Exploration expenses-$21.0M-$7.0M
Other operating income$100.0M$175.0M$177.0M
Other operating expenses-$72.0M-$88.0M-$88.0M
Recovery of impairment (Impairment) of property, plant and equipment, intangible assets and inventories$15.0M-$34.0M-$39.0M
Impairment of financial assets-$21.0M-$56.0M
Share of profit (loss) from associates and joint ventures$142.0M$146.0M-$2.0M
Profit from sale/acquisition of companies interest$34.0M$9.0M
Operating income$503.0M$440.0M$424.0M
Financial income$45.0M$32.0M$5.0M
Financial costs-$196.0M-$185.0M-$364.0M
Other financial results$230.0M$211.0M$558.0M
Financial results, net$79.0M$58.0M$199.0M
Profit before income tax$582.0M$498.0M$623.0M
Income tax-$204.0M$121.0M-$318.0M
Profit of the year$378.0M$619.0M$305.0M
Results related to defined benefit plans-$5.0M
Income tax$2.0M
Exchange differences on translation-$26.0M$123.0M-$78.0M
Gain on cash flow hedges$46.0M
Income tax-$16.0M
Exchange differences on translation-$25.0M$138.0M-$97.0M
Other comprehensive (loss) income of the year-$21.0M$261.0M-$178.0M
Total comprehensive income of the year$357.0M$880.0M$127.0M
Owners of the company$377.0M$619.0M$302.0M
Non-controlling interest$1.0M$3.0M
Profit of the year$378.0M$619.0M$305.0M
Owners of the Company$356.0M$880.0M$124.0M
Non-controlling interest$1.0M$3.0M
Total comprehensive income of the year$357.0M$880.0M$127.0M
Total basic earning per share$0.28$0.46$0.22
Total diluted earning per share$0.28$0.46$0.22

Compare Pampa Energía with another company

Corporate structure

Pampa Energía sits at the top of its group. 6 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Pampa Energía

  • Marcos Marcelo Mindlin Filed SCHEDULE 13D/A on Pampa Energía, latest Dec 12, 2025 (3 filings since Oct 15, 2024)
  • Braslyn Ltd. Filed SC 13G/A on Pampa Energía, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Pampa Energía Buenos Aires, Argentina
    • Transener Subsidiary · Buenos Aires
    • Energia e Inversiones S.A. Subsidiary · Montevideo, Uruguay
    • FERTIL PAMPA S.A.U. Subsidiary · Caba, Argentina
    • GENERACION ARGENTINA S.A. Subsidiary · Buenos Aires, Argentina
    • RECURSOS ENERGETICOS S. A. U. Subsidiary · Buenos Aires, Argentina

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Pampa Energía reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$2.6B8 Dec 31, 2024$2.5B8 Dec 31, 2023+2.5%
Operating-lease assets (leased space)$11.0M8 Dec 31, 2024$21.0M8 Dec 31, 2023−47.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$738.0M8 Dec 31, 2024$171.0M8 Dec 31, 2023+331.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$223.0M8 Dec 31, 2024$205.0M8 Dec 31, 2023+8.8%

The story

Founded by Marcelo Mindlin in 2005.1

Leadership

Who has led Pampa Energía, and when. Pick a name to see everywhere that person has worked.

2010201520202025
Board members and other officers (15)

Products and brands

  • electricity
  • natural gas

Listed on Wikidata.1

In the electricity value chain, as of December 31, 2018, Pampa's power generation segment has an installed capacity of 3,871 MW, which represents 10% of Argentina's installed capacity. 504 MW expansions are in the pipeline to be developed by the Company, increasing total installed capacity to 4,375 MW. The power transmission segment is composed by Transener, company co-controlled by Pampa, which operates and maintains the Argentine high voltage transmission grid covering more than 14.5 thousand km of lines, as well as 6.2 thousand km of Transba high voltage lines. Transener transports 85% of the electricity in Argentina. The electricity distribution segment is composed of Edenor, the largest electricity distribution utility in Argentina, with 3 million customers and a concession area covering the Northern City of Buenos Aires and Northwestern Greater Buenos Aires.

Pampa started to develop gas upstream in 2009, with the creation of Petrolera Pampa. In 2016, Pampa enhanced their oil and gas segment by acquiring the Petrobras Argentina, which was formerly PeCom Energía and later the former Argentine subsidiary of Petrobras. Pampa currently holds in their oil and gas segment both operated and not operated blocks in Neuquina, San Jorge and Noroeste Basin, which average production from Argentina amounted to 47 thousand barrels of oil equivalent per day, with operations in 11 production blocks and 869 productive wells (March 2019). In midstream, Pampa's assets are made up by their indirect interest in TGS, the country's major gas transportation company, owning a 9,231 km-long gas pipeline network and a liquids processing plant, General Cerri, with an output capacity of 1 million tons per year. In downstream, Pampa holds 28.5% direct interest in Refinor, which has a refinery with an installed capacity of 25.8 thousand oil barrels per day, 81 gas stations and a processing capacity of 390 thousand tonnes per year. Pampa also owns three high-complexity petrochemical plants producing styrene, SBR and polystyrene, with a domestic market share ranging between 80% and 100%.

From Wikipedia’s article on Pampa Energía, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. 2005Founded Founded1

Calendar

Coming up

  1. Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.42 a share, on Nov 4, 2025.30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

275 filings to the SEC since October 2021: 5 annual reports, 49 insider forms, 6 large holders, 215 other. The latest 20:

  1. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 2, 20263/A PRIMARY DOCUMENT EDGAR
  3. Sep 29, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 25, 2026SD EDGAR
  5. Sep 8, 20266-K EDGAR
  6. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 31, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 25, 20263/A PRIMARY DOCUMENT EDGAR
  9. Aug 25, 20263/A PRIMARY DOCUMENT EDGAR
  10. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 20, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 11, 20266-K EDGAR
  13. Aug 5, 20266-K EDGAR
  14. Aug 4, 20266-K EDGAR
  15. Aug 4, 20266-K EDGAR
  16. Jul 31, 20266-K EDGAR
  17. Jul 21, 20266-K EDGAR
  18. Jul 17, 20266-K EDGAR
  19. Jul 8, 20264 PRIMARY DOCUMENT EDGAR
  20. Jun 29, 20264 PRIMARY DOCUMENT EDGAR

The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 12 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Mariani GustavoVicepresidentBuy25,000$78.26$2.0MForm 4
Aug 31, 2026Mindlin Marcos MarceloDirectorBuy500,000$3.44$1.7MForm 4
Aug 27, 2026Mindlin Marcos MarceloDirectorBuy150,000$3.38$507.0KForm 4
Aug 21, 2026Mindlin Marcos MarceloDirectorBuy675,000$3.38$2.3MForm 4
Aug 19, 2026Mindlin Marcos MarceloDirectorBuy902,975$3.34$3.0MForm 4
Aug 18, 2026Mindlin Marcos MarceloDirectorBuy396,950$3.35$1.3MForm 4
Jul 8, 2026Mindlin Marcos MarceloDirectorSale1,500,000$3.55$5.3MForm 4
Jul 1, 2026Mindlin Marcos MarceloDirectorSale1,502,000$3.41$5.1MForm 4
Jun 26, 2026Mindlin Marcos MarceloDirectorBuy287,916$3.37$970.3KForm 4
Jun 25, 2026Mindlin Marcos MarceloDirectorBuy383,600$3.37$1.3MForm 4
Jun 24, 2026Mindlin Marcos MarceloDirectorBuy739,178$3.36$2.5MForm 4
Jun 3, 2026Mindlin Damian MiguelVice PresidentSale555,000$3.55$2.0MForm 4
Jun 1, 2026Mindlin Damian MiguelVice PresidentSale814,000$3.69$3.0MForm 4
May 27, 2026Mindlin Marcos MarceloDirectorBuy275,000$3.37$926.8KForm 4
May 19, 2026Mindlin Marcos MarceloDirectorSale1,800,000$3.48$6.3MForm 4
May 8, 2026Mariani GustavoVicepresidentBuy25,000$81.02$2.0MForm 4
May 8, 2026Mindlin Marcos MarceloDirectorSale1,800,000$3.35$6.0MForm 4
May 7, 2026Mariani GustavoVicepresidentBuy25,000$81.40$2.0MForm 4
Apr 22, 2026Mindlin Marcos MarceloDirectorSale1,500,000$3.51$5.3MForm 4
Apr 20, 2026Mindlin Marcos MarceloDirectorSale1,250,000$3.43$4.3MForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 86. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
SPX Gestao de Recursos Ltda547,637$45.0M5.0%+383,994
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.441,152$36.2M0.0%+1,048
Ping Capital Management, Inc.368,000$30.2M9.8%+38,500
Morgan Stanley281,100$23.1M0.0%−52,377
PointState Capital LP271,221$22.3M0.4%No change
VR Advisory Services Ltd232,138$19.1M1.7%No change
Jpmorgan Chase & Co229,368$18.8M0.0%−3,972
Absolute Gestao de Investimentos Ltda.222,572$18.3M5.0%−64,811
Fundamenta Capital S.A.219,498$18.0M10.5%−43,215
Wexford Capital LP216,978$17.8M2.4%+150,618
Itau Unibanco Holding S.A.195,918$16.1M0.3%+19,015
Candriam S.C.A.170,000$13.9M0.1%New
Citadel Advisors LLC116,953$9.6M0.0%+26,040
Zeno Equity Partners LLP112,816$9.3M3.4%−2,769
Assenagon Asset Management S.A.102,232$8.4M0.0%+46,908
ABS Investment Management LLC77,660$8.3M5.2%New
ABS Direct Equity Fund LLC77,660$8.3M5.2%+3,699
Vennlight Capital Management, LP96,417$7.9M5.3%−9,546
Qube Research & Technologies Ltd90,314$7.4M0.0%+61,529
Bnp Paribas Financial Markets82,021$6.7M0.0%+71,484
Brevan Howard Capital Management LP75,913$6.2M0.1%+1,000
Millennium Management LLC68,067$5.6M0.0%−50,397
Glenorchy Capital Ltd65,655$5.4M3.4%+1,358
Discovery Capital Management, LLC / Ct65,200$5.4M0.2%New
Goldman Sachs Group Inc55,681$4.6M0.0%−4,823

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 19, 2024Tommy TubervilleRepublican, SenateSale$1,001 - $15,000−8.5%Report
Apr 3, 2023Tommy TubervilleRepublican, SenateBuy$1,001 - $15,000+44.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Pampa Energía is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPampa Energy Inc.2
  • CIK0001469395
  • Filer statusLarge accelerated filer not an emerging growth company; a shell company33
  • Incorporated inArgentina33
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressMaipu 1, City Of Buenos Aires, C1 C1084ABA2
  • Phone54-11-4809-95002
  • Shares outstanding1,359,606,137 shares as of Dec 31, 202533
  • AuditorPRICE WATERHOUSE & CO. S.R.L., Buenos Aires PCAOB ID 1349; it also attests to the company’s internal control over financial reporting33
  • On EDGAR sinceAug 3, 20092
  • Filings1,012 in all: 6-K (724), 144 (45), CORRESP (31), 4 (26), SC 13G/A (25), UPLOAD (21), 3 (20), 20-F (17)2
    All 35 form types

    425 (16), SC 13D/A (16), SC 13G (10), F-4/A (8), 6-K/A (7), SC 13D (6), SC TO-T/A (6), 424B3 (4), 3/A (3), EFFECT (3), SC 13E3/A (3), SD (3), 20-F/A (2), F-4 (2), SCHEDULE 13D/A (2), 144/A (1), 20FR12B (1), 424B2 (1), CERTNYS (1), DEL AM (1), F-3ASR (1), F-6 (1), FWP (1), NT 20-F (1), SC 13E3 (1), SC TO-T (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Apr 9, 2026

Securities registered for trading

ClassSymbolExchange
Common StockPAMNew York Stock Exchange

From the cover page of the 20-F filed Apr 9, 2026 (Section 12(b) of the Exchange Act).33

Sources

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